Economic policy
TUAC represents the voice of labour in the international economic policy debate. Through its engagement at the OECD, TUAC fights for economic policies that create full employment and that give working people a fair share of the wealth they create.
This is done through our engagement on fiscal and monetary policy at the Economic Policy Committee and its Working Party on Macroeconomic and Structural Policy Analysis.
This work is led by Filip Stefanovic and Adnan Habibija. For more information, please contact stefanovic@tuac.org and habibija@tuac.org.
OECD’s Employment Outlook stresses collective bargaining for a just transition
The 2024 Employment Outlook provides evidence of worsening wages and job opportunities in the move from high emission to green industries and makes a strong case for collective bargaining to achieve a socially just transition to a net-zero economy. It shows that workers from high emission ...
OECD challenged to forge new economic consensus
The OECD is being challenged to forge a new economic consensus for the ‘new normal’ of climate crisis, geo-political tensions and supply chain bottlenecks feeding inflation, which increases prices and disrupts economic activity. The challenge was raised at the annual TUAC-OECD liaison committee ...
G7 focuses on threats to peace and security, neglects social justice and inequalities
The G7 Leaders Communique, agreed at the Summit in Italy, focuses on current threats to global peace and security, but fails to make the link between peace and social justice. It fails to follow up adequately on G7 commitments made last year on the cost of living and wages, or to deal properly with ...
The OECD’s Productivity Review of Spain: Continued support for social dialogue and worker representation is necessary to revive broadly shared productivity
In a new publication, jointly released today with Spain’s Second Vice-President and Minister of Labour and Social Economy Yolanda Díaz Pérez, the OECD takes a closer look at the twin challenges that Spain is confronting: how to revive productivity growth and ensure that it is broadly shared? ...
OECD Economic Outlook: monetary restriction, less social spending and big bank profits
The OECD Economic Outlook May 2024 recommends keeping monetary restriction “for some time to come” and argues in favor of spending restraint – singling out pension and other social spending. ...
Unions urge G7 to deliver on wage growth
Trade unions call on G7 Labour and Employment Ministers to deliver the “sustainable growth and real wage growth” which G7 Leaders committed to at last year’s G7 summit. In a joint statement by unions from G7 countries pointing out that real wages “in almost all G7 countries remain below ...
OECD urged to ensure global long-term needs are not neglected
Trade unions are urging the OECD to encourage governments to adopt consistent long-term policy – and ensure adequate investment – to manage climate change, digital transformation, demographic change. “Governments must not abandon what is needed to achieve long-term and shared prosperity, ...
Profits are high enough to absorb pay rises says OECD
The OECD says in its March 2024 Wage Bulletin “After growing considerably and making unusually large contributions to domestic price pressures in 2021 and 2022, unit profits [..] have started to absorb some of the [..] impact of increasing unit labour costs. In most countries, there is ...
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OECD debt report promotes a return to austerity
In drawing a very disturbing picture of high global debt made unmanageable by high interest rates at a time when borrowing needs for the future are higher than ever, the OECD makes the very controversial claim that “Government spending needs to be highly targeted and focus more on investment in ...
